“Trading is almost 99% mental once you get everything else down…this is the hardest part to get right. The book will help you work on your mental mistakes and shortcomings, teach you how to work your way out of a trading slump. Highly recommended if you’ve been holding yourself back from profits ie: cutting trades early, not respecting stops, hesitation jumping in, lack of confidence etc. The book will open your eyes to what you’ve been struggling.” from Chris T., Amazon Review
If there were a holy grail in trading, I would say the closest is mindfulness. Combined with the methods used by sport psychologists to keep professional athletes at the top of their game, I show traders how to develop their trading skills and take their trading performance to new levels.
Mindfulness is a state of mind that helps traders remain focused on what really matters in a trade. Akin to “being in the zone,” mindful traders avoid becoming hijacked by strong emotions and faulty thinking that cause mistakes and costly losses.
Trade Mindfully extends the limits of trading psychology and offers a practical process for developing and mastering trading skills and abilities—both mental and technical. Applying professional sport psychology to trading, Dr. Dayton shows traders how to dynamically improve the way they trade, enhance their performance, and achieve mastery in trading.
In Trade Mindfully, Dr. Dayton addresses the following questions traders have:
There’s no better way than to bone up on trading psychology with the upcoming title Wiley’s Trade Mindfully … Dayton Delivers best strategies for improving mental outlook and maximizing the potential of their trading strategies.
For Those Who have Purchased Trade Mindfully
You may download the Exercise forms and several of the mindfulness exercises found in the book. Because of the limitations in the book’s formatting, some of the Exercise forms found in the book may be too small for practical use. Therefore, we have rendered them full-size in a pdf file we will email to you. Also, we have made audio files of several of the mindfulness exercises that you may enjoy. There is no charge for these file. Simply fill out the form below and you will receive these files shortly.
Albert Einstein once said, “You cannot solve a problem from the same consciousness that created it. You must learn to see the world anew.” Einstein could have been talking about trading when he made this remark. We have to think differently to overcome the universal mental challenges of trading. This book will show you how.
Mindfulness, as you will learn in this book, is a very different way of thinking than most of us are used to. Although it has its roots in Eastern traditions, modern scientific research shows that mindfulness has powerful ability to positively impact us psychologically, radically improve our decision-making, and even enhance the structure of our brains. Instead of struggling to try and control your unwanted thoughts and feelings, mindfulness and other advanced psychological techniques discussed in this book allow you to be a sort of mental aikido master where you can sidestep them and redirect your focus onto what’s really important, your trade.
It’s not sufficient, however, just to develop mental agility if you want to achieve excellence in trading. At its core, trading is a performance-based activity. What matters most in any performance activity is having and adhering to a process. This is highly relevant for trading. The more consistent we become in a sound process, the better we can apply our knowledge, skills, and abilities and the better our trading results will be, all other things being equal. This books shifts away from traditional psychological methods and techniques of trying to change one’s thoughts and emotions to applying psychology directly to the process of trading: how we prepare to trade, how we execute our trading, and how we evaluate our trading performance.
This is the first book about a trading psychology based on the power of mindfulness and the bedrock of process. The combination of a robust trading psychology process with mindfulness and other cutting-edge mental skills can help you excel in your development of both the psychological aspects and the technical aspects of trading.
Technology used to be the ‘edge’ that separated the good traders from bad. Now that nearly every trader has access to the same charts, software, and order types, the real edge separating wealthy traders from failed ones is their mental approach to markets. Trade Mindfully gives today’s trader the tools they need to reach their peak earning potential by showing them how to maximize their profits through psychology. The way a trader ‘think’ about their trading and the markets has never been more important, and Dr. Dayton provides a step-by-step method for mastering the last true ‘edge’ traders have for making money in the markets.
This is the best book I have found on the topic of mindfulness as applied to trading. Dr. Gary Dayton explains the problems that typically bedevil traders and draws upon extensive research to illustrate how mindfulness and a process orientation can effectively address these. Altogether a well-written and researched work that bridges theory, reserach, and practice.
There are times in one’s life when you meet a person who is knowledgeable, passionate, and gifted at what they do, and Dr. Gary Dayton is one of those people. I met Gary several years ago at a TradeGuider seminar that he was presenting at, and I was immediately impressed by his immense knowledge of the works and studies of Richard D. Wyckoff. Gary’s outstanding book has taken years of knowledge and condensed it into easy to understand material that will greatly assist any trader or investor regardless of their experience level. I highly recommend you study this book with care, and you will know the knowledge that is needed to make it in the markets. Gary is an excellent teacher … and in this book you have your blueprint for trading success.
Gary Dayton’s captivating book is a trailblazer, fusing the Eastern concent of mindfulness with a psychological model used in professional sports to tame the often unruly emotional world of trading. He explores how mindfulness can conquer emotional demons that derail traders, and offers specific exercises and practices to help the reader take command of their trading. Dayton’s keen insights have been featured in the TraderPlanet magazine – he offers significant cutting-edge concepts that are a must-read for any trader looking to take their game to the next level.
Trade Mindfully should be required reading for anyone who ventures into trading. Those traders who seek a better understanding of how the mind subverts their trading results will find this book enlightening.
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